George Bauk, Executive Chairman, Valor Resources
Valor Resources at the starting gun for 2022 drilling program
The Picha Project is a Copper Silver project located in the worlds second largest producer of both copper and silver, Peru. In 2021, the company completed an extensive ground based mapping and sampling program along with a detailed IP and ground based magnetic survey. Work is well advanced to finalise the interpretation and define a drilling program for 2021.
Key results include up to 6% Copper and up to 563 g/t Silver.
The Canadian Uranium portfolio in and around the Athabasca Basin has seven projects with the key project being the Hook Lake Project. The company has the right to earn an 80% working interest in the Hook Lake Uranium Project located 60km east of the Key Lake Uranium Mine in northern Saskatchewan.
Drilling is about to commence on the Hook Lake project in January with an initial 2,500m diamond drilling program targeting the S Zone which in 2021, the field program uncovered rock chip results of up to 59.2% U3O8, 499 g/t Ag, 5.05% TREO and 14.4% Pb.
Canada’s Athabascan Basin is the highest grade of uranium produced, Hook Lake, located in the region is highly prospective and drilling to commence in January 2022.
Peru is the worlds second largest producer of copper and silver. Picha project located in Peru has returned rock chip and channel samples of up to 6% Cu and 566 g/t Ag.
Channel sampling result highlight an area over 350m in extent with significant copper mineralisation
Surprise Creek Project historical data review highlights high-grade Uranium and Copper targets
Seven high-priority targets defined based on historical data and geophysical interpretation
Valor Resources reports on the latest Picha and Charaque Projects results
AGG Survey has commenced at Hook Lake and Hidden Bay Uranium Project to further delineate targets
RC Drilling confirms depth extensions to mineralisation
Program to test orientation of high-grade mineralisation at the Malone prospect
Investor update - Perth, WA. 6 April 2022
New high-grade bedrock gold intercept confirms potential of Malone prospect
New tenure applied for compromising around 6,000 hectares gold-copper-silver Charaque Project
Multiple new targets confirmed with rock chip assay results at Picha Project
Eight hole, 1,757m diamond drilling program completed at Hook Lake Project at the S-Zone and V-Grid
Spectral study of 74 rock samples indicates alteration zones proximal to porphyry-type deposits
Final results of the IP and ground magnetic survey announced for the Picha Project
Year 1 commitment under the Farm in agreement with Skyharbour Resources Limited
Overview of Picha Copper Silver Project in Peru and Athabasca Basin Saskatchewan in Canada
22 Lindsay Street
Perth 6000
Australia
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